Method for integrated supply chain and financial management

a technology applied in the field of integrated supply chain and financial management, can solve the problems of insufficient integration of supply chain management needs, inability to meet the needs of supply chain management, and inability to meet the needs of financial managemen

a technology applied in the field of integrated supply chain and financial management, can solve the problems of insufficient integration of supply chain management needs, inability to meet the needs of supply chain management, and inability to meet the needs of financial managemen

US6671673B1Inactive Publication Date: 2003-12-30IBM CORP
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  • Method for integrated supply chain and financial management
  • Method for integrated supply chain and financial management
  • Method for integrated supply chain and financial management

Examples

Experimental program
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Effect test

Embodiment Construction

Referring again to the drawings, and more particularly to FIG. 1, there is shown the evolution of Supply Chain solutions in the marketplace. Supply chain solutions operate at three levels:

Execution level--Enterprise Resources Planning (ERP);

Planning level--Supply Chain Management (SCM); and

Strategic level--Strategic Enterprise Systems (SES).

The ERP level 10 typically comprises bookkeeping, automating traditional functional activities and data integration. The planning or supply chain management (SCM) level 11 typically comprises sophisticated and "intelligent" decision-support systems for different enterprise functions. The strategic level 12 typically comprises applications to assist senior management decision-making, and to closely monitor various performance measures of the entire enterprise. A complete strategic level system is not currently available in the state of the art.

Extensions to Supply Chain Management Using Financial Management Considerations

Extended Supply Chain Desi...

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Abstract

A method to generate a strategic business plan to improve operations, and to closely monitor various performance measures of an enterprise. This is accomplished employing a more comprehensive approach to maximizing profitability, increasing revenue, and explicitly considering risk. In particular, the method extends supply chain management using financial management considerations, extends financial management using supply chain management considerations, employs supply chain management techniques to improve financial management, and employs financial management techniques to improve supply chain management. The method uses information and models derived from at least one of the following business processes: accounting; cash management; funds management, financing, profitability analysis, risk management, loan management, treasury management, investments management, business development, order management, demand planning and forecasting, procurement, production planning, inventory management, transportation and distribution, and supply chain design.

Description

1. Field of the InventionThe present invention generally relates to a method to assist senior management decision-making, and to closely monitor various performance measures of an entire enterprise. Specifically, the method relates to extending Supply Chain Management (SCM) using Financial Management (FM) considerations, as well as extending FM using SCM considerations. This is accomplished by employing a more comprehensive approach to maximizing profitability, and increasing revenue, and explicitly considering risk.2. Background DescriptionCurrent methods for supply chain management (SCM) and financial management (FM) practice are incomplete. Supply chain management solutions focus on the goods and information flows, but neglect financial requirements. Financial management solutions focus on financial flows, but do not adequately incorporate supply chain management needs.Businesses require complete solutions that integrate the supply chain and finance functions. Financial managemen...

Claims

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Application Information

Patent Timeline
30 Dec 2003
Publication
US6671673B1
IPC
G06Q10/00; G06Q10/06; G06Q30/02
CPC
G06Q10/06; G06Q10/06314; G06Q10/06315; G06Q10/06316; G06Q10/0635; G06Q40/025; G06Q10/06375; G06Q10/0639
Inventors
BASEMAN, ROBERT; GREY, WILLIAM